Trump administration orders consumer protection agency to stop work, closes building
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
President Donald Trump’s budget chief has sent an email to consumer protection agency employees telling them to stop working.
The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, ...
Russell Vought, the newly installed acting director of the Consumer Financial Protection Bureau, sent an email Saturday night ordering all employees at the consumer watchdog to stop virtually all work ...
The Project 2025 architect has effectively frozen the Consumer Financial Protection Bureau, now allowing big banks and giant ...
The acting director issues new orders to staff and says he won’t ask for funding.
The National Treasury Employees Union filed two lawsuits against OMB Director Russell Vought for his shuttering of the CFPB.
Bankrate on MSN2h
Trump administration shuts CFPB HQ, halts agency’s activityPresident Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ...
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